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Audi Q7 Lease Questions
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Car_man
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Do you know what the current rates are for a 2011 Q7 TDI Premium Plus - 15K miles 48 months?
Thanks in advance.
I am in the market to lease a Q7. The dealers are quoting me prices above the TMV for those areas. Is this just a process of haggling? I've never bought or leased such an expensive vehicle before. One guy even quoted options with accurate MSRP, Invoice but said he can sell the car for more than TMV, so wont sell it at that price. I can pay 1-2% extra but really bothers me to do so. He wants me to pay more than something is worth. I just hope other buyers feel the same way and dont give into these salesmen's tactics. I know some body else will buy it at a price he wants but I just refuse to pay extra. Any thoughts? suggestions ?
Thanks
JD
Audi Financial Services' July buy rate lease money factor and residual value for a 48 month lease of a 2011 Q7 TDI Premium Plus with 15,000 miles per year are .00214 and 53%, respectively for consumers who qualify for its top credit tiers.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Cheers
MK
Car_man
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Car_man
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Looking for some help with a Q7 lease deal w/ following options:
Prem Plus package
Full body paint
Warm Weather package
19 " wheels
Audicare
MSRP: 55,675
plus Audicare: $695
Total MSRP: $56,370
Purchase price: 53,385 - $1,000 Audi loyalty money = $52,285 ($750 over invoice)
Terms: 36 month, 12k miles w/ 53% residual and .00214 MF
What do you think ? Thank you ...
The money factor that you were quoted isn't bad either, but it's slightly high. Consumers who qualify for Audi Financial Services' top credit tier are eligible for a buy rate of .00199.
I would shoot for this selling price, but the lower money factor and see what happens. All in all though this is still a pretty good deal.
Car_man
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I am looking for a Q7 3.0T Premium. It will be a factor order. Dealer will sell for 500 over invoice. This is a good deal?
3.0T Premium with 19" wheel with destination:
MSRP 47375
Invoice 44121
Dealer profit 500
Audi Loyalty (1000)
Bank Acq 625
10k/yr lease. MF is .00199. Residual 57%.
Min Drive off is 1358. Payment is 701 (with tax 9.25%).
Is Bank Acq 625 standard rate? Can it be waived?
Base on my calculation, there is a hidden charge for 700. This is more than dealer profit. Dealer said it is advertising and vehicle prep fee. Can it be waived?
Am I getting the best deal?
The invoice price does not include any fees that may be charged by the manufacturer to dealers in a particular area of the country, such as local advertising fees, dealer association fees, or docking and storage fees. Edmunds.com does not track or provide such local fees.
If a local fee appears on the invoice, it is an actual cost that the dealer paid to the manufacturer when buying the vehicle. In other cases dealers may choose to write in their own ad fees on the consumer sales contract. However, in either case these local fees are a part of the dealer's cost of doing business
Aquisition fee cannot be waived, it has to be paid upfront, or spread over payments.
I''ve an 08 Q7 with 29K miles with an option to purchase it for 27160 from Audi FS. As this seems to be a low price, my friend would like to purchase this vehicle. Does anyone know if this can be done. I got conflicting answers from Audi when I called. I would appreciate any insight on this,
thx.
Car_man
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I am looking for some advice on the Q7. I am looking at a 3.0T S Line. They seem to be very hard to get in CA. I spoke with the dealer tonight who quoted me 50% residual and .0028 MF. These don't seem quite right to me based on my research.
Do you have the October numbers from Audi Financing for MF and Residual? I would be interested in 12K and 15K per year.
What do you suggest is a fair price? $500 over invoice, $750? Given that they are hard to come by, I am interested in your thoughts.
Finally -- sorry for so many questions -- if I factory ordered, would you change your response? The reason I ask is that there are some options that I want that are not available in the know inventory/incoming shipment, so I am thinking about factory order.
Thanks!
Audi Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2011 Q7 3.0T Prestige S-Line with 12,000 miles per year are .00197 and 50%, respectively.
As you can see, the residual value that you were quoted is correct, but the dealer appears to be trying to mark up your truck's money factor. If your credit is in good shape, try to get the dealer to use the lower money factor that I mentioned to calculate your payment.
As far as what selling price to shoot for goes, in my opinion $500 to $750 would be an excellent price for this vehicle. If it is in as short supply as you indicated you may end up having to pay more than that. Dealers are usually more willing to negotiate on vehicles that they physically have on their lots than they are on ordered vehicles.
Car_man
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Q7
TDI
36 and 48 mos
12k per year allowance.
I suspect I have solid residual numbers (58 and 49 respectively)
But I'm confident that there is a markup on the MF I'm quoted.
US Bank is lease provider . . . assume this is true everywhere.
THANKS!
in 2007 there was only 1 Audi Q7 within 3 miles radius form my house. 2008 there are at least 20. We used to park 10 black Q7 back to back to pick up our kids.
I had great incentive back then $5000 off Money factor $.00006 for 3 yrs including Audi care - Monthly payment $635 for Q7 Premium (15K year)
It is a great car. I have no problems but I traded it in for a Escalae in Feb of 2009. I have 14 months on the lease. The car has 19K on it.
There are a many 2007 with 45K or more advertised for $30-39K at the time (Dallas area). Mine was a few 2008 for sales (as 2007s are coming off the lease).
I was asking for $32K as that is how much I owed on the lease (buy off $26000 at the end of the lease 50% residual)
I didnt get even 1 call from the ad for 3 weeks. I ended up trading in for $30K for my Escalade. For some mysterious reasons - Most of the Audi are gone and they are driving Lexus and Mercedes SUV now.
my point is the reason I tried the Q7 because it was so cheap at the time. I've leased and owned more than 25 merces, BMW, Porsche and never considred an Audi if not for the price. Once I drove the Audi, I liked the car but it would be $150-200 more for the same car.
I changed to the Escalade because I want more room. I have no problems with the Audi especially I have Audi care and full coverage.
The point is I do not think Audi can retain 50% or more. So if the lease can offer 50+ residual then it is a good deal.
And I am still wondering why most people changed their Audi so quick.
AFS' October buy rate lease money factor and residual value for a 36 month lease of a 2011 Q7 Premium TDI with 12,000 miles per year are .00197 and 58%, respectively.
The numbers for an otherwise identical 48 month lease are .00217 and 51%.
Car_man
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Could I please ask for your help?
I never leased before and thus started reading up a lot to get up to speed. Basically I'm looking to lease a brand new 2011 Audi Q7 3.0 TFSI® Premium Plus w/ 20" wheels. Now as for everything I understand that the most important thing is the selling price. Fortunately for me that is already done. So I have the Audi supplier discount and managed to get rid of the doc fees and thus the selling price before tax and title is $50977.
-1st question: is that a good price? I hope so...
-2nd looking to lease this for 36 months and at least 12k miles. What are the money factor and residual values numbers for November (or whatever you have, looks like if I make this one will be actually December but just to have a good idea)
-what is the final monthly payment for me I should look to get?
-what other hidden fees should look for, i.e bank aquis??
-Is this even worth buying it? You mention the Audi don't retain the value? Never had one but in the past I heard horror stories about Audi's. My 04 4runner is still worth 15k these days.
Thanks so much,
ac
Here are the Stats
Residual : 30K
Miles Drives : 22K (lease term was 10K per year)
Price Quote by Dealer for Extending AudiCare for 2 years : 995+2500 for getting car certified
My Dilemma:
1) Is the Residual usually negotiable at this state ?
2) Is it worth spending $3500 more on Audi Care + Certification ?
I plan to use this car for 2-3 more years and will probably end up driving 20K miles
Audi Financial Services' November buy rate lease money factor and residual value for a 36 month lease of a 2011 Q7 Premium Plus with 12,000 miles per year are .00189 and 52%, respectively.
I need this truck's MSRP to work up a payment for you. It would be available in the pricing section that I just provided you with a link to.
Audi Financial Services charges a $695 acquisition fee on every vehicle that it leases.
The quality of Audi products has improved significantly since it earned its reputation for poor reliability.
Car_man
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I qualify for Zagg pricing through USAA, which depending on model and dealership is about $500 above invoice. I have noticed in speaking with one dealership that their quoted money factor was significantly higher than that of another, and the payment terms came out to be roughly equivalent to a 3rd dealership that does not participate in Zagg pricing at all (higher sticker of @$1500). MSRP for 2011 Premium Plus as configured is $57275 ($54806 after Zagg discount)
A 3rd party leasing group seems to offer more competitive rates than AFS at this time, but I am not sure if there is something I am overlooking due to my ignorance. Is there something I should be wary of with a 3rd party? And does AFS historically get more aggressive with their lease rates as time progresses during the model year?
Thank you very much in advance.
Can you please post the current 36 months, 10K miles/year lease rates for 2011 Q7 Premium 3.0TFSI and 3.0TDI.
Thanks for your help.
The numbers for an otherwise identical lease of a Q7 3.0 TDI Premium are .00195 and 58%.
Car_man
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It is Q7 Premium with 19" wheel.
MSRP 47375.
Selling price 44548.
Drive off 1358.
Audi Loyalty 1000.
36 months lease with 12k/yr
Payment 644.03
Tax is 62.79
Residual 55%. MF 0.00195
Just been at a dealership in Houston TX looking at a 2011 Q7 S line MSRP ~$62,500. Guy told me he would knock $2,000 and that for a 36 month, 10K a year lease rsisual was 50% mf was 0.00235. As far as I can gather from your previous responses this is total bs. Seems that the Q7 is in short supply and they can do what they want but not sure why their audi fs rates are so different or is it because it is an s-line?
Cheers,
sabel76
Car_man
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I'm trying to get the best Q7 deal so chasing what residuals, mf, and any incentives are.
So far my best is a $4K dealer discount ($2K dealer / $2K loyalty), 54% residual on 36 month, 52% on 39 month, 45% on 48 month, with a money factor always at 0.00245 with US Bank. Additionally the US bank lease has only 1.25% sales tax for Texas.
Do you have any tips for getting more incentive or indeed should I have better residuals? Not sure what is going on with the money factor here.
My offer from Audi FS was 0.00235 with 50% residual as I previously mentioned, the dealer in question seems very flippant about a Q7 deal as demand is far out stripping supply.
Thanks for the help in advance.
sabel76
Car_man
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I just received a quote from my local dealer for a Q7 Premium
MSRP: 47,125
Cap Cost: 46,125
Residual Value: 57%
Money Factor: .00200
Lease 36 months
12K miles per year
What do you think about this quote? I'm not sure if there is some wiggle room or if this is a pretty good deal. Thanks.
Let's take a look at this truck's selling price. I suspect that the truck that you're interested in has a spread of a little over $3,000 between its full MSRP and its dealer invoice price. That puts the $1,000 dealer discount that you were quoted at a little over $2,000 over invoice. That's a lot of room to work with, but given the lack of support on this model right now I suspect that dealers won't be selling them for close to invoice. It wouldn't hurt to see if you can beat this deal by shopping around some or negotiating more with the dealer that you're currently working with, but again the lack of support on the Q7 leads me to believe that dealers are going to try to get as much as they can for them right now.
Car_man
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MSRP $59,775
$5,000 down
10,000 mile lease allotment
51% residual
money factor .0022
For a monthly lease price of $945 for 36 months
or $7,500 down
10,000 mile lease for $885
Edmunds says the sticker price for this car should be $58,323. Is this a reasonable deal? How might we get a better one?
Thanks!
On a separate note, people's opinions may vary, but I don't think it makes any sense to put that much down on a lease. Bear in mind that your numbers seem to be based on 5k or 7.5k as a true down payment - i.e. capital cost reduction - which means your total drive off will be a couple thousand more on top.
Finally, I personally think that leasing the Prestige trim is a bad deal to begin with because the residual rates are so much worse for the Prestige than for the Premium Plus. You would therefore be better off getting the Premium Plus and optioning it up, although there are some things that you just can't get as options without going to the Prestige level trim.
If you decide to wait until your lease runs out, then you are running the risk of lease rates getting worse over the next four months. Certainly residual values will only get worse, and it seems unlikely, although not impossible, that Audi will improve the money factors. However, if you can wait until July/August, the 2012s should be coming in around then, in which case you could probably either get (i) a great deal on a 2011 model, or (ii) a 2012 with a great residual value.
Car_man
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Prior to 2008 you could get from stock any make, mode, options and color. Now it usually becomes a question of what is more important, options or color.
The other option is to order or look to see what is in the pipleline where some options can still be changed.
This also has an impact on negotiating the purchase price.
-Tarry Shebesta, OCLC
I just got a quote on a 2011 audi Q7 3.0T premium plus+20"wheels. I am in Ohio.
Base price: 46,250
premium plus: 6,000
20" wheel: 1,600
all weather floor mat an trunk liner: 300
MSRP: 55,025
destination fee: 875
county tax: 6.75%
Selling price: 52,427
money factor: 0.00239/42 month or 0.00219/36 month
residue value: 49% or 53%
monthly payment: 860 or 900
How is this price? good deal or resonable? or not a deal at all? Thanks for your input.
Keep in mind, if you are a current Audi owner, you are entitled to a $1,000 cash incentive on this lease.
Car_man
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